Babutsidze, Zakaria; Cowan, Robin - In: Journal of Economic Interaction and Coordination 9 (2014) 2, pp. 151-181
We present a choice model based on agent interaction. Interaction is modeled as face-to-face communication that takes place on a regular periodic lattice with decision-makers exchanging information only with immediate neighbors. We investigate the long-run (equilibrium) behavior of the resulting...